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20121202
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." at chicago-kent school of law, the subject reached beyond the nfl to include much younger football players who are likely unaware of the risks. "i have a brother in texas who is playing, and this is to protect him." the nfl case involves federal labor law. the amount of damages the nfl could face is staggering. "it could be billions of dollars." players contend the league fraudulently concealed the dangers of concussions. the league denies it, but since 2007 has offered players whose head injuries resulted in dementia $100,000 a year for ex- players hospital-bound or in assisted living centers, and $88,000 if living at home. so far, that payout has amounted to more than $18.5 million. if the federal court determines that the players claims should proceed, the nfl says it would need about six years to assess the viability of each player's case before trial. president obama is hoping to gain yardage on budget talks, minus drama. yesterday, the president met with business leaders at a roundtable event, and had this to say to the ceo's: "i recognize that all of you have an investment in your o
hit by threatening to cut jobs and working hours as a way to deal with the new healthcare law. darden restaurant group, owner of the olive garden and red lobster, just cut its profit forecast for the year, specifically citing failed promotions and the pr problem it encountered after admitting to limiting employee hours. under the affordable care act, companies with more than 50-full time employees are required to offer basic health coverage for workers or face a fine. other restaurant chains have also generated backlash after publicly complaining about obamacare. "i think the point is that the restaurant industry shouldn't expect to be able to have this advantageous position relative to many other industries that employ a lot of people and do pay healthcare benefits. and, quite frankly, it is the law, so we'll all have to deal with it and manage through it. that was restaurant consultant bob goldin of technomic. darden shares were down 10% yesterday. the founder of software company autonomy is on the defense. this week, autonomy founder mike lynch launched a website addressing allegat
in the nation. the national employment law project finds that 2/3 of workers earning less than $10 an hour are employed by large corporations with net incomes in the billions. the study ranked corporations by the largest low-wage workforce and the companies' profitability. walmart topped the list with 1.4 million employees and income near 15.7 billion. the company has been scrutinized for low wages and poor insurance benefits. other companies topping the list were yum brands, mcdonald's, target and sears. u.s. car sales are back on track after hurricane sandy disrupted the pace. dealership showrooms are busy again with people forced to buy cars demolished by the storm, and consumers are feeling more confident about the economy. at ford, sales were up 6.5%. gm reported a 3.4% hike in sales, while at chrysler, a 14% boost was reported. joe wiesenfelder of cars.com says due to superstorm sandy, the numbers may continue to roll in positive for months to come. "some of what we are seeing is probably deferred purchases in november from that period of the storm itself. gains were also reported am
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